It ranks with nanotechnology, nuclear physics and bioengineering as one of the world’s most complex sciences. Yep, it’s credit. Credit determines much of a consumer’s financial possibilities, but can be difficult to keep in check. That’s where an experienced (and reputable) credit consultant can be a godsend. Of particular interest to our military-friendly real estate [...]
CREDIT. Encompassing FICO scores, income, debt and employment, credit plays a huge role in the VA loan process. Fortunately for veterans and active-duty service members, VA loans feature relaxed credit requirements when compared to conventional loan programs. Wondering what lenders will expect from a VA loan applicant? Take a look at these four questions that [...]
VA loans are accommodating, flexible, and borrower-friendly. But that doesn’t mean that VA lenders will dish out money to anyone with a pulse. The VA loan program, although lenient, does require that borrowers meet certain standards. Potential borrowers who fall short of those standards needn’t panic. There are tried-and-true methods to tackle every roadblock on [...]
Unless you possess a big chunk of cash, buying a home usually involves borrowing money. And while VA loans feature relaxed credit requirements, VA lenders can’t help but favor responsible borrowers. That’s where the FICO credit score comes into play. Credit scores help lenders immediately assess a buyer’s responsibility with credit. A higher score means [...]
A good credit score is an excellent starting point for anyone considering a VA loan. But what exactly is a good credit score? Does the VA have a credit score minimum? How do VA credit requirements stack up against other mortgage options? One of the best benefits of the VA loan program is its relaxed [...]
Modern homebuyers can face a mountain of restrictions when applying for a mortgage. Tougher credit standards and higher income requirements have pushed many prospective buyers out of the market altogether. Enter the VA home loan. Throughout the housing market meltdown, the VA loan program has remained steadfast in its mission: providing accessible and cost-effective loans [...]
Has the conventional mortgage market thawed? Are conventional lenders finally stepping forward to embrace borrowers with less-than-perfect credit? Nope, says a recent report from mortgage technology firm Ellie Mae. The company’s March Origination Insight Report finds that conventional mortgages are still limited to premium buyers with flawless credit.
Every week, the Veterans United Network fields hundreds of VA loan questions. Potential buyers reach out to us via Twitter, Facebook, email or phone for answers and information. Want to see the VA loan process from the eyes of your potential buyers? Check out this summary of some of the most common VA loan questions [...]
Thanks to the recent housing meltdown, loan programs are ratcheting up restrictions and locking countless capable buyers out of loan contention. That’s one reason why the VA loan program continues to boom. VA loans offer flexible terms and big savings to our nation’s military homebuyers.